In a blow to the Biden administration’s effort to increase corporate transparency, an Alabama federal district judge has ruled that the Treasury Department cannot require small business owners to report details on their owners and others who benefit fr… By FATIMA HUSSEIN Associated Press March 4, 2024, 3:05 PM ET • 2 min read WASHINGTON … Read more
HONG KONG (AP) — Hong Kong customs officials have arrested seven people linked to the territory’s largest ever money laundering case, involving about 14 billion Hong Kong dollars ($1.8 billion) some of it linked to a scam case in India. The seven local residents, aged between 23 and 74, were part of a large-scale transnational … Read more
NEW DELHI: Former Maldivian president and the most rabid anti-India leader in the Indian Ocean archipelago, Abdulla Yameen, joined a public event, even while serving the 11-year sentence awarded to him for money laundering, and urged Maldives President to fulfil his promise of expelling Indian military personnel from the island nation.Yameen described as disheartening the … Read more
MIAMI (AP) — The Biden administration has released a close ally of Venezuelan President Nicolás Maduro in a swap for jailed Americans, The Associated Press has learned. Alex Saab, who was arrested on a U.S. warrant for money laundering in 2020, was released from custody Wednesday. In exchange, Maduro will free some, if not all, … Read more
Good morning, it’s Georgie here in Sydney. Here’s what you need to know today… Today’s must-reads:• Lithium rush heats up with SQM’s $1 billion Azure buy• RBA staff threaten strike over pay• US stocks drop on a rout in Big Tech, Aussie futures flat Australia’s lithium frenzy continues with mining giant SQM winning over Perth-based … Read more
Business Of Sports If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. From media and technology to finance and … Read more
Gina Rinehart’s rising stake in Liontown is spurring questions about her next moves as analysts express caution over the fate of Albemarle’s takeover bid. A drop in Liontown’s price, in the event of an Albemarle exit, would present Rinehart with an opportunity to build up the current stake, Jarden analyst Jon Bishop said. Artificial intelligence … Read more
September 19, 2023 at 2:10 PM EDT Let’s say you own a bunch of stocks, say $1 million worth of the stocks in the S&P 500 Index. You think they will go up (that’s why you own them), but you worry that they might go down. You can buy insurance against that risk: You can … Read more
AFP | | Posted by Nisha Anand A disgraced Turkish crypto founder who fled to Albania and his two brothers have been sentenced to 11,196 years in jail each, the Anadolu state news agency reported Friday. Thodex boss Faruk Fatih Ozer. Prosecutors had asked for Thodex boss Faruk Fatih Ozer, 29, to be sentenced to … Read more
Welcome to Bw Daily, the Bloomberg Businessweek newsletter, where we’ll bring you interesting voices, great reporting and the magazine’s usual charm every weekday. Let us know what you think by emailing our editor here! If this has been forwarded to you, click here to sign up. The mysterious WhatsApp message arrived one night in August … Read more